IOLTA Trust Account Bookkeeping
Strict Three-Way Reconciliation for Legal Practitioners
Ensure your law practice complies fully with State Bar ethics rules. We provide rigorous three-way reconciliations between bank statements, general ledger, and individual client ledger balances.
State Bar Compliant Trust Account Management
Attorneys have a strict fiduciary duty under Rule 1.15 to account for every dollar held in trust on behalf of clients. Even unintentional bookkeeping errors can result in formal sanctions. QuickTaxnBooks provides independent, airtight monthly trust reconciliations so your firm can focus on practicing law with complete peace of mind.
Key Advantages for Your Business
Eliminate Bar Grievance Risk
Improper trust accounting is the #1 cause of attorney disciplinary proceedings. Our controls safeguard your license.
Three-Way Reconciliation Reports
Monthly balancing of Bank Statement = Trust General Ledger = Total of Individual Client Ledger Balances.
Earned Fee Tracking
Accurately disburse retainer funds only after invoices are earned and billed, maintaining clean audit trails.
Clio / PracticePanther Integration
Synchronize client trust deposits and invoice payments with QuickBooks or your preferred law practice management tool.
What You Receive
Frequently Asked Questions
What is a three-way reconciliation?+
A mandatory trust accounting process that verifies: (1) the adjusted bank statement balance matches (2) the trust account cash balance in your general ledger, which in turn matches (3) the exact sum of all individual client trust sub-ledgers.
Can you help our firm clean up historical IOLTA discrepancies?+
Yes. We conduct forensic trust reviews to identify unallocated funds, outstanding stale checks, and ledger imbalances to bring your accounts back into full compliance.
Book This Service with Viktor
Connect directly with Vikram Singh Angurala in Albany, NY or on a secure video call to get your file processed accurately.